MCHP vs NXPI: Correlation
Microchip Technology (MCHP) and NXP Semiconductors (NXPI) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and NXPI?
Across a 3-year window, the weekly returns of MCHP and NXPI correlate at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 1488.3 %².
Few assets follow MCHP as closely as NXPI, which ranks #2 of 44 tracked partners. Their recent paths diverged sharply: over the last 12 months MCHP outperformed by 19.5 percentage points (+16.2% for MCHP against -3.3% for NXPI). The link looks structural: the rolling one-year correlation barely moved, holding between 0.75 and 0.89.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MCHP vs NXPI: side by side
| MCHP (Microchip Technology) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +16.2% | -3.3% |
| 5-year return | +5.9% | +8.6% |
| Volatility (ann.) | 46.7% | 39.9% |
| Beta vs S&P 500 | 1.97 | 1.53 |
| Max drawdown (3Y) | -63.8% | -46.5% |
| Market cap | $41.0B | $57.0B |
| P/E (trailing) | 109.4 | 19.3 |
| Dividend yield | 2.46% | 1.82% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MCHP | NXPI |
|---|---|---|
| 2022 | -18.0% | -29.2% |
| 2023 | +30.9% | +48.4% |
| 2024 | -35.0% | -8.0% |
| 2025 | +14.6% | +6.4% |
| 2026 | +20.5% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and NXPI good diversifiers for each other?
No. With a correlation of 0.80, MCHP and NXPI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between MCHP and NXPI?
As of 2026-08-27, the correlation of weekly returns between MCHP and NXPI is 0.80 over 3 years, 0.79 over 1 year and 0.83 over 5 years.
Is NXPI a good diversifier for MCHP?
No. With a correlation of 0.80, MCHP and NXPI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mchp-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mchp-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCHP correlations · NXPI correlations
